Savings accounts accepting DD's

pecunianonolet

adindas said:

pecunianonolet said:

Ghostcrawler said:

pecunianonolet said:

Can Moneybox and/or Plum accept DD from various banks? 

no you can only link one bank to Moneybox for DD for their various products but on Plum you can link multiple banks but can take DD from only one bank at one time.

Thanks for the info, not really what I was hoping for. Was hoping to only need one account for 2 x DD with Natwest and 2 x DD with RBS for their rewards and to only set it up once and basically forget about it.

You DO NOT need any DD for switching to Natwest and RBS, ULSTER to get switching incentive of £200

Lol, I know that, got the bonus from two and should get Ulster the next 2-3 days. Once everything is settled on that front the next step is to create further income streams with their Rewards accounts. 

PRAISETHESUN

pecunianonolet said:

Ghostcrawler said:

pecunianonolet said:

Can Moneybox and/or Plum accept DD from various banks? 

no you can only link one bank to Moneybox for DD for their various products but on Plum you can link multiple banks but can take DD from only one bank at one time.

Thanks for the info, not really what I was hoping for. Was hoping to only need one account for 2 x DD with Natwest and 2 x DD with RBS for their rewards and to only set it up once and basically forget about it.

For NatWest/RBS, to qualify for the on-going monthly rewards (not the switch incentive which doesn't need any DDs), a single mandate pulling multiple times each month is sufficient. Plum and Moneybox both let you set up a weekly deposit option, which I use to qualify me for rewards on both my NatWest and RBS accounts

PloughmansLunch

PRAISETHESUN said:

pecunianonolet said:

Ghostcrawler said:

pecunianonolet said:

Can Moneybox and/or Plum accept DD from various banks? 

no you can only link one bank to Moneybox for DD for their various products but on Plum you can link multiple banks but can take DD from only one bank at one time.

Thanks for the info, not really what I was hoping for. Was hoping to only need one account for 2 x DD with Natwest and 2 x DD with RBS for their rewards and to only set it up once and basically forget about it.

For NatWest/RBS, to qualify for the on-going monthly rewards (not the switch incentive which doesn't need any DDs), a single mandate pulling multiple times each month is sufficient. Plum and Moneybox both let you set up a weekly deposit option, which I use to qualify me for rewards on both my NatWest and RBS accounts

That's good to know, I was just about to make a thread asking if this was the case for the Reward accounts

allegro120

adindas said:

allegro120 said:

pecunianonolet said:

Ghostcrawler said:

pecunianonolet said:

Can Moneybox and/or Plum accept DD from various banks? 

no you can only link one bank to Moneybox for DD for their various products but on Plum you can link multiple banks but can take DD from only one bank at one time.

Thanks for the info, not really what I was hoping for. Was hoping to only need one account for 2 x DD with Natwest and 2 x DD with RBS for their rewards and to only set it up once and basically forget about it.

Ecology BS does DD, but since Birmingham Midshires and Post Office pulled out there are not many left. Can get a couple of credit cards, but that's a faff. I manage to feed all my DD-needy accounts by utility bills, Moneybox and Ecology.  When I get my second bonus instalment from TSB I will have 2 DDs free to use elsewhere if there are any new offers. 

IF you still want another £55 with TSB you will still need to keep this 2DDs active and make minimum of 5 Debitcard payment for another 6 months

Yes, I've got another 4 months to go before I can use them elsewhere.... and the third condition is to pay in £500 p/m.

Bridlington1

PloughmansLunch said:

PRAISETHESUN said:

pecunianonolet said:

Ghostcrawler said:

pecunianonolet said:

Can Moneybox and/or Plum accept DD from various banks? 

no you can only link one bank to Moneybox for DD for their various products but on Plum you can link multiple banks but can take DD from only one bank at one time.

Thanks for the info, not really what I was hoping for. Was hoping to only need one account for 2 x DD with Natwest and 2 x DD with RBS for their rewards and to only set it up once and basically forget about it.

For NatWest/RBS, to qualify for the on-going monthly rewards (not the switch incentive which doesn't need any DDs), a single mandate pulling multiple times each month is sufficient. Plum and Moneybox both let you set up a weekly deposit option, which I use to qualify me for rewards on both my NatWest and RBS accounts

That's good to know, I was just about to make a thread asking if this was the case for the Reward accounts

As far as I'm aware it's the same for pretty much any reward account. When I had my first Co-op account I had wealthify going out 4 times per month and that got me the £1 cashback alright. I've currently got Natwest satisfied by plum going out twice per month, and RBS with Scottish Widdows going out twice per month. 

quirkydeptless

datz said:

allegro120 said:

Ecology BS does DD, but since Birmingham Midshires and Post Office pulled out there are not many left. Can get a couple of credit cards, but that's a faff. I manage to feed all my DD-needy accounts by utility bills, Moneybox and Ecology.

For what it's worth, HMRC is always a great fall back when needed (self assessment amongst others). You can set up unlimited Direct Debit mandates (for as many accounts as you want), and you can customize the payment plans within each mandate (from one-off to regular payments, or no payment at all).

For switching offers, usually active mandates is all you need (without needing to pull a payment through it).

You mean I now have a reason to want to have a tax bill

PRAISETHESUN

An updated list of accounts accepting DDs and debit card deposits is now being maintained courtesy of @Bridlington1

https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1